Joan Petros reported taxable income in 20X2 of $150,000, which included the following transactions:

1. In June 20X2, Joan sold 100 shares of stock for $40 per share. She had purchased them three months earlier for $31 per share.
2. In October 20X2, Joan sold 200 shares of stock for $79 per share. She had purchased them three years earlier for $57 per share.

Joan had no dividend income in 20X2.

If long-term capital gains are taxed at 15% and all ordinary income is taxed at 25%, what is Joan's tax liability for 20X2?

$

B) The Coolidge family had taxable income of $165,000 in 2015. They live in a state in which income over $100,000 is taxed at 13.5%. What was their total effective (marginal) tax rate? Assume 28% federal tax rate. Round the answer to 2 decimal places.